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Request for Proposals: Harvey Milk Terminal 1 Sunglasses Store Lease
Summary of Scope of Work: The Airport Commission has commenced the Request for Proposals (RFP) process for the Harvey Milk Terminal 1, Boarding Area B Sunglasses Store Lease (Lease).
The lease consists of one (1) location of approximately 310 square feet in Harvey Milk Terminal 1, post-security, designated as space no. B.2.258.
The term is Seven (7) years with two (2) options to extend the term by one (1) year.
The Minimum Acceptable Financial Offer is $100,000.00, which shall serve as the initial Minimum Annual Guarantee (MAG) for the successful proposer.
For each year of the Lease, the base rent is the greater of the Minimum Annual Guarantee (“MAG”) or the sum of the percentage rent structured as follows:
12% of Gross Revenues achieved up to and including $500,000.00; plus
14% of Gross Revenues achieved from $500,000.01 up to and including $1,000,000.00; plus
16% of Gross Revenues achieved over $1,000,000.00.
Please review the RFP document for all requirements, submission instructions, evaluation criteria, and additional lease specifications.
Anticipated Contract Term: The Term is Seven (7) years with two (2) options to extend the term by one (1) year.
Property Manager: Kayla Conger
kayla.conger@flysfo.com
The Airport Commission has commenced the Request for Proposals (RFP) process for the Harvey Milk Terminal 1 Sunglasses Store Lease.
For additional information about the Lease, contact Kayla Conger, Principal Property Manager, of Revenue Development and Management Department, at (650) 821-4500, or kayla.conger@flysfo.com.
